Saia Inc (SAIA) VP Sells $128,820.00 in Stock

Saia Inc (NASDAQ:SAIA) VP Paul C. Peck sold 2,000 shares of the firm’s stock in a transaction on Monday, February 11th. The stock was sold at an average price of $64.41, for a total transaction of $128,820.00. Following the transaction, the vice president now directly owns 5,444 shares of the company’s stock, valued at $350,648.04. The sale was disclosed in a document filed with the SEC, which is available through this link.

NASDAQ SAIA opened at $67.94 on Wednesday. Saia Inc has a one year low of $52.04 and a one year high of $87.05. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $1.67 billion, a PE ratio of 17.03 and a beta of 1.04.

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Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Monday, February 4th. The transportation company reported $0.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.09. Saia had a net margin of 6.35% and a return on equity of 15.95%. The business had revenue of $406.80 million during the quarter, compared to analyst estimates of $396.82 million. During the same period in the previous year, the business posted $0.53 EPS. The company’s quarterly revenue was up 12.9% on a year-over-year basis. Equities analysts forecast that Saia Inc will post 4.63 EPS for the current year.

Several brokerages have weighed in on SAIA. Deutsche Bank raised shares of Saia from a “hold” rating to a “buy” rating and set a $64.84 price objective for the company in a report on Wednesday, February 6th. BidaskClub raised shares of Saia from a “sell” rating to a “hold” rating in a report on Tuesday, February 5th. Buckingham Research set a $84.00 price objective on shares of Saia and gave the stock a “buy” rating in a report on Tuesday, February 5th. SunTrust Banks set a $77.00 price objective on shares of Saia and gave the stock a “buy” rating in a report on Tuesday, February 5th. Finally, ValuEngine raised shares of Saia from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $71.68.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Resources Investment Advisors Inc. acquired a new position in shares of Saia in the 4th quarter valued at about $36,000. Bank of Montreal Can boosted its holdings in shares of Saia by 12.1% in the 4th quarter. Bank of Montreal Can now owns 1,700 shares of the transportation company’s stock valued at $94,000 after buying an additional 183 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Saia by 1,043.2% in the 3rd quarter. Parallel Advisors LLC now owns 1,589 shares of the transportation company’s stock valued at $121,000 after buying an additional 1,450 shares during the period. C M Bidwell & Associates Ltd. boosted its holdings in shares of Saia by 107.1% in the 3rd quarter. C M Bidwell & Associates Ltd. now owns 2,340 shares of the transportation company’s stock valued at $179,000 after buying an additional 1,210 shares during the period. Finally, Quantamental Technologies LLC acquired a new position in shares of Saia in the 4th quarter valued at about $259,000.

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Saia Company Profile

Saia, Inc, through its wholly-owned subsidiaries, operates as a transportation company in North America. The company provides regional and interregional less-than-truckload services for shipments between 100 and 10,000 pounds; truckload services; and other value-added services, including non-asset truckload, expedited, and logistics services.